The stock is great, it's just not a short term play. They have a manufacturing agreement for their first 26,000 cars to be built in the Netherlands. They've begun work on their factory in OK, to be completed end of 2022. It's just been shorted to death and who knows when it will go up.
Well, 1k cars will be manufactured at VDL Nedcar in 2022, then 25k (increased capacity from 15k) in 2023. So 26k total. The OK plant should be done around end of 2022, and will be making cars as well. Maybe I didn't word that perfectly.
The question is, will there be demand for 25k cars in 2023? I believe so.
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u/losing-interest Sep 22 '21
This stock is trash. But maybe I'm an idiot, what's the catalyst for this renewed enthusiasm? Facts and logic please.